Hi, Am currently working but planning to quit and do business. This is my first Business venture & I need your advise on this joint-venture offer i have got. I was approached by a person who has already got a company & running an Educational program as business successfully in his country. he has also given franchise for many people in his country for his business idea. Now he wants to introduce the same business here in the country am residing at. I am from the same technical background. As he cant run here directly here He has offered 50-50 partnership with me so that instead of running the business in one dedicated location like a franchise i can run in multiple places in this country. I have set up a company here for this purpose and he will have a joint venture of 50% with the new company. I and My wife will be the local Directors here. We hold the bank sole signatory authority here. His Contribution: Training me in his Business Idea + Marketing My Contribution: Invest money and set up a Company here + Work & Run the business here. MOU is signed by both parties but not yet registered/stamped. Our Deal : 1. I will be the one Investing for setting up the new company. I will be the only working partner here who is actually going to work & run the business. 2. He will take a particular amount from the revenue for his idea/training he is going to give (as he does for franchise). 3. Apart from that amount he will have 50% partnership in future revenues til the business is running here. 4. Also 50% share in the Company am going to set up here. ( This is not in MOU.Share holders agreement is not yet done. Agreed only in our mail conversations). 5. All Future business expenses and bills reimbursement here will be taken from the revenues we get here. (This also includes stay n tickets charges for every time either of us fly for meetings.) All for just using his idea/training + advantage that his business is already established in another country. Sometimes i feel his dealing should be ok as the idea is his & a joint venture with a successful company in another country is an advantage when we are going to use the same idea here. But many times i feel am Giving too much for what i receive. I want to do this business with a clear & happy mind and not feeling that i have settled for less or being used as am new to Business field. Please help me to know if this is a fair enough deal for both of us or just one party alone is sharing the benefits more.